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Business & farm
Yes. You do still have to prepare a form 1040 for yourself. However, you will need to do this using TurboTax Premium or TurboTax Premier or Home and Business download.
To file your 1120S, you are using the strictly business program that does not prepare the individual return. When you file your individual return, you will then enter your W-2 from work, your W-2 from your S-corp and your K-1 from the S-Corp. These do not automatically transfer, you will have to manually enter them.
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March 10, 2025
10:13 AM